Try GOLD - Free

Ravi denies being in charge of Central Bank during bond scam

The Island

|

December 04, 2025

Former Finance Minister and NDF MP Ravi Karunanayake yesterday told Parliament that the Central Bank had not been under his purview when the bond scams took place.

- BY SAMAN INDRAJITH

Ravi denies being in charge of Central Bank during bond scam

"At no point during my tenure as the Minister of Finance I was assigned the Central Bank. This is the first time I am publicly mentioning this," Karunanayake said.

He said so making a special statement under the provisions of the Section 27/8 Standing Order of Parliament.

The Standing order provides for a personal explanation that could be made by an MP for the purpose of vindicating the personal conduct of that MP in response to a reference which has been made by another MP in the House while he was not present in the House.

Karunanayake said that he was making the special statement with the intention of rectifying a statement made by Prime Minister Dr Harini Amarasuriya, on 26 November, to the House, where she was answering a question pertaining to the Bond Scam. The Central Bank was under then Prime Minister Ranil Wickremesinghe, and the State and Private Banks were under the then Minister Kabir Hashim.

The Central Bank had always been under the Minister of Finance, except during the time that I held the office of Finance Minister," Karunanayake said.

He said that incumbent Prime Minister Dr Amarasuriya's statement on Nov 26 to the House implied that he was responsible for the Bond Scam.

"That implication is a violation of my rights. It is misleading and damaging my rights. I make this statement not against PM Amarasuriya personally but to rectify the error and to set the record straight," Karunanayake said.

MORE STORIES FROM The Island

The Island

SEC warns public over Gladius South Asia

Securities and Exchange Commission (SEC) says that it has not licensed an entity, called 'Gladius South Asia,' to operate as a market participant within or outside the country.

time to read

1 min

December 11, 2025

The Island

The Island

As talk swirls around JioStar-ICC deal, the ground reality is more layered

At around 6.38 PM IST on Tuesday, JioStar unveiled its Twenty20 World Cup teaser.

time to read

3 mins

December 11, 2025

The Island

The Island

Rains: Staying healthy

Staying healthy during the monsoon season in tropical countries requires planning and awareness because heavy rains, humidity and fluctuating temperatures create conditions in which many illnesses thrive.

time to read

2 mins

December 11, 2025

The Island

Outstanding AI & Fintech Governance Leadership Award 2025 for Sopnendu Mohanty

Sopnendu Mohanty, former Chief FinTech Officer of the Monetary Authority of Singapore (MAS) and current Group CEO of the Global Finance & Technology Network (GFTN), has received the Outstanding AI & Fintech Governance Leadership Award 2025 for his global contribution to responsible fintech advancement, cross-border policy innovation, and AI governance.

time to read

1 min

December 11, 2025

The Island

The Island

Kohli closes in on Rohit at the top of ODI batting rankings

Virat Kohli's Player-of-the-Series performance against South Africa has pushed him up to No. 2 among ODI batters in the latest update in the ICC rankings.

time to read

1 mins

December 11, 2025

The Island

The Island

Bullish surge on CSE amid signs of post-Ditwah recovery

Normalcy bred optimism on the Colombo Stock Exchange (CSE) yesterday as many train services resumed and rehabilitation work began following the devastating natural disaster in Sri Lanka.

time to read

1 mins

December 11, 2025

The Island

Pakistan seeks new South Asian bloc to cut India out

Pakistan Deputy Prime Minister Ishaq Dar has said that a recent trilateral initiative between Bangladesh, China and Islamabad could be \"expanded\" to include other regional nations and beyond, Al Jazeera has reported.

time to read

3 mins

December 11, 2025

The Island

The Island

Gota ordered to give court evidence of life threats

Education Secretary of the Frontline Socialist Party, Pubudu Jayagoda, and Attorney-at-Law Nuwan Bopage, with party sup- porters, leaving the Jaffna Magistrate court yesterday

time to read

1 min

December 11, 2025

The Island

Aberdeen Holdings’ Group Companies honored at Presidential Environment Awards 2025

Aberdeen Holdings, a diversified conglomerate operating across seven industries in Sri Lanka, continues to demonstrate its commitment to sustainability and responsible business practices across all its subsidiaries.

time to read

1 mins

December 11, 2025

The Island

Suspect ordered to be arrested for making allegedly derogatory remarks about Colombo Archbishop

Fort Magistrate Isuru Nettikumara on Tuesday ordered the police to arrest Attanayake Mudiyanselage Namal Kumara, for allegedly making derogatory remarks about Colombo Archbishop Malcolm Cardinal Ranjith, and produce him in court.

time to read

1 min

December 11, 2025

Listen

Translate

Share

-
+

Change font size